CEC Bank | Romania Feed

Holidays remain a priority for most Romanians even in a challenging economic year, reveals a survey conducted by CEC Bank in partnership with FinZoom.ro.

AAylex ONE of Buzau, the company behind poultry brand Cocorico, has signed with CEC Bank and Exim Banca Romaneasca for a syndicated loan facility of EUR14.1 million, to support its business expansion.

Clifford Chance Badea and Clifford Chance Frankfurt have assisted Erste Group Bank A.G. and ING Bank N.V. as Joint Lead Manager and Co-Arrangers, and BT Capital Partners, as Co-Manager, in the deal whereby CEC Bank raised EUR300 million from international markets via the latest MREL bond issue.

Agroserv Mariuta, a Romanian farming company that owns Laptaria cu Caimac brand, has contracted a EUR9.5 million loan from CEC Bank, structured on the medium and long term, for the refinancing of the loan portfolio from Banca Romaneasca and Procredit.

Romanian state-owned lender CEC Bank reported an estimated, unaudited net profit of RON 446.8 million for 2022, up 22% compared to 2021. This is the fourth consecutive year of solid profits, growth and market share consolidation for CEC Bank.

Six out of ten Romanians say their financial situation has worsened compared to last year and future expectations are not optimistic either, as per CEC Bank’s quarterly financial Barometer developed in partnership with banking comparison maker FinZoom.ro.

Tiberiu Mavrodin, a member of the Board of Directors of state-run lender CEC Bank, was proposed to take over as Chairman of the Board and replace Mirela Calugareanu, in line with banking sources.

Nuclear power producer Nuclearelectrica (SNN.RO) on Friday notified shareholders and investors that based on the order to open a negotiated interest deposit, the company placed a RON52.5 million deposit with CEC Bank on January 21, 2022.

Campeador Group, one of the most important real estate developers in western Romania, contracted a financing of EUR 4.5 million from CEC Bank. PCF Investments Banking was the exclusive consultant of Campeador in structuring, negotiating and implementing the financing, this being the third financing obtained by PCF for Campeador.   The current credit will be […]

Patricia Andrei is the new HR Director of CEC Bank, a position from which she will coordinate the entire human resources activity of the bank with the largest territorial network in Romania, which includes more than 1,000 units and almost 6,000 employees nationwide.   With more than 22 years of experience in the field, the […]

Patricia Andrei has taken over the position of Human Resources (HR) Manager at state-run lender CEC Bank, coordinating the lender’s entire HR activity.

Chimcomplex SA Borzești concluded on September 30, 2021, financing contracts of 56.7 million EURO, which include 26.7 million EURO from CEC Bank and 30 million EURO from Alpha Bank. They will be used for the full refinancing of the existing loans from VTB and Credit Suisse/Argentum Netherlands BV and for the continuation of development projects. […]

Developer Vox Property Group has contracted a loan of EUR19.5 million from CEC Bank to consolidate previous debt and fund projects under development.

Romania's nuclear power producer Nuclearelectrica (SNN.RO) said Tuesday in a market report it has deposited RON151 million with CEC Bank for one year at a negotiated interest of 1.75% a year.

The rates of residence permits and travel documents for foreign citizens can be paid from January through the over 5,500 SelfPay Payment Stations, as well as through the over 1,000 CEC Bank units.   The payment of these fees is possible based on the partnership between SelfPay and CEC Bank for the supply to the […]